Friday, December 12, 2008

Would you buy a used car company from this man?

We also know that the incipiency of bankruptcy tends to focus the mind and produce real offers. Why don't we tell the current Big Three that $25 billion in capital is available—but only to two of them? The surviving two will be those that submit the best, and final, binding bids, supported by all the necessary constituencies: boards, managers, suppliers, vendors, creditors, and the UAW.

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